Environmental upgrade finance

Environmental upgrade finance

Environmental Upgrade Agreements assist Campaspe Shire businesses save money and improve their environmental performance. The Sustainable Australia Fund is working in partnership with Council to deliver this service. 

What is an Environmental Upgrade Agreement?

An Environmental Upgrade Agreement (EUA) is an agreement between a building owner, a financier and the building owner’s local council that facilitates a building upgrade to improve environmental performance.

Many commercial tenants are unable to make changes to the building that they lease. EUAs make this possible.

Many landlords won’t invest in improving their building because they see no incentive. EUAs provide owners with incentive to improve the value of their property. 

Watch this video outlining the benefits of this program.

 

What types of projects are eligible?

Various types of renewable energy (eg. solar panels) and energy efficiency projects (eg. lighting upgrades) have been pre-approved. 

How do EUAs work?

A finance lender provides a loan and the building owner pays it back through Council (like Council rates). Council’s involvement in this process ensures that the loan is highly secure and the lender will provide better terms. The tenant can use a portion of the energy savings to contribute to repayments. There is no upfront capital required. 

How do I apply?

Contact Better Building Finance to enquire about applying on 03 9021 5584 or email on [email protected]. They will check your eligibility and assist you throughout the application process.

Alternatively, contact Council's Business Support Officer on 5481 2200 or email [email protected] 

Available documents

The following documents are available by visiting the Better Building Finance website

  • EUA Application form
  • EUA Application terms and conditions
  • EUA Building owner statutory declaration
  • EUA Template

Successful projects

Many businesses in Victoria have already taken advantage of this program. Read about their projects by visiting the Sustainable Australia Fund website.